ACCION Latin America Bridge Fund (LABF)The ACCION Latin America Bridge Fund (LABF) was the first guarantee fund of its kind and was created by ACCION International in 1984. Since its inception, the fund has been an important vehicle for ACCION International's affiliate and partner programs to meet a growing demand for capital to fund their micro credit portfolios. The Fund is a vehicle by which socially responsible investors can help strengthen the small businesses of the working poor and the communities in which they live. A loan to the Fund will increase the availability of business credit to hardworking women and men who otherwise have few borrowing options. The ACCION Latin America Bridge Fund uses loans from investors to: - Provide guarantees primarily to local banks in order to secure loan capital for ACCION's partner and affiliate programs located in Latin America and the Caribbean.
The Fund enables thousands of micro entrepreneurs to access loans to help them grow their businesses and better support their families. Since inception, the ACCION LABF has provided guarantees for close to $70 million, supporting loans in excess of $210 million and enabling over 23 institutions in 12 countries to access local commercial funding.We put time and care into the administration of the Fund, and it shows. Since the creation of the ACCION LABF, no investor has experienced a loss in its principal or interest.
Aggregate Amount Offered. | Up to $7,500,000 | Promissory Note Denominations. | Minimum Promissory Note Amount of $2,000 | Maximum Promissory Note Amount. | Unrestricted. | Promissory Note Interest Rates. | Each Lender to the ACCION Latin America Bridge Fund may select a rate of interest for his or her Note from the ranges listed below based on the amount and term of such Note. Rates for notes greater than $100,000 with tenor longer than 5 years are separately negotiated between Fund and Lender. | Interest Payment Dates. | Semi-annually on June 30th and December 31st. | Loan Maturity Dates. | Minimum Maturity: | 18 months | Maximum Maturity: | Unrestricted | | ACCION LATIN AMERICA BRIDGE FUND | $2,000-$25,000 | $25,001-$50,000 | $50,001-$100,000 | >$100,000 | 18 months | 0%-0.70% | 0%-0.80% | 0%-1.00% | 0%-1.10% | 19 months to 3 years | 0%-1.10% | 0%-1.20% | 0%-1.60% | 0%-2.00% | 3 years to 5 years | 0%-1.50% | 0%-1.65% | 0%-2.00% | 0%-2.50% |
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The guidelines and proposed interest rates of the Notes are subject to change prior to sale at the sole discretion of the Fund. The rate represents simple interest calculated on an annual basis on the unpaid balance of the Note. The Fund accepts fixed rate Loans only. ACCION encourages its prospective Lenders to consider the Fund's charitable purposes in deciding the terms of their Loans. In unusual circumstances the Fund may consider accepting Notes that deviate from the guidelines set forth above if it determines that such Loans would be in the best interests of the Fund.
The ACCION Latin America Bridge Fund will not accept a loan from anyone who has not received and read a copy of the “ACCION LABF Private Offering Memorandum”
To request a Private Offering Memorandum, to receive further information about the Fund or to make a loan, please contact:
Pablo F. Rieckhof
ACCION International
1401 New York Avenue, NW
Suite 500
Washington, DC 20005 USA
Tel: (202) 393-5113 x1636
Email: financialservices@accion.org
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